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Loan Formerly Non-Accrual-Accrete Back to Income?

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Question: 
Can Interest applied to principal on a loan that was formerly on non-accrual ever be accreted back into income?
Answer: 

After the asset has been returned to accrual status, interest income can be recognized based on the effective yield to maturity on the loan, which will result in interest applied to principal being accreted over the asset’s remaining life

First published on 06/18/2017

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